Chord Energy shareholders approve board and executive pay

Chord Energy Corp (NASDAQ:CHRD), a $5.55 billion market cap energy company trading at an attractive P/E ratio of 5.7, announced the results of its 2025 Annual Meeting of Shareholders held on April 30, 2025. The company, which operates in the crude petroleum and natural gas sector and maintains a GREAT financial health score according to InvestingPro, put forth several key proposals for shareholder voting. The meeting saw the election of eleven directors to the company’s Board for a one-year term, extending until the 2026 Annual Meeting.

Shareholders also voted on the advisory approval of the compensation for the company’s named executive officers as detailed in the proxy statement filed on March 19, 2025. Moreover, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year 2025 was ratified.

The election of the board directors received a majority of votes in favor, with all nominees securing their positions for the next term. The advisory proposal on executive compensation was approved, reflecting shareholder support for the company’s executive pay structure. The selection of PricewaterhouseCoopers LLP as the company’s auditor for the current fiscal year was also confirmed with an overwhelming majority.

The detailed voting results for each director, as well as the votes for the executive compensation and auditor ratification, were disclosed, providing transparency on the level of shareholder support for each item.

The announcement follows the guidelines set by the Securities and Exchange Commission and is based on the information provided in the company’s 8-K filing. The results of the meeting are expected to guide Chord Energy’s governance and strategic decisions for the upcoming year.

In other recent news, Chord Energy Corporation reported several key developments. BofA Securities upgraded Chord Energy’s stock rating from Neutral to Buy, despite lowering the price target to $114, citing the company’s operational achievements, including the successful completion of its first 4-mile lateral well. Mizuho (NYSE:MFG) Securities also adjusted its price target for Chord Energy, reducing it from $178 to $154, while maintaining an Outperform rating, highlighting the company’s strong balance sheet and anticipated cash return yield. UBS maintained its Buy rating with an $86 price target, noting the benefits of Chord Energy’s integration with Enerplus (NYSE:ERF) and potential opportunities for shareholder value through strategic divestitures. Citi analysts revised their price target to $120, maintaining a Buy rating, based on updated earnings estimates and expectations of increased share buyback activities. Additionally, Chord Energy announced the appointment of Lara Kroll as the new Senior Vice President and Chief Accounting Officer, emphasizing the company’s commitment to strong financial oversight. These developments underscore Chord Energy’s strategic focus and financial positioning in the competitive energy sector.

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